The $500 million ATO fraud highlights flaws in the myGov ID system. Here's how to keep your data safe
- Written by: Rob Nicholls, Associate professor of regulation and governance, UNSW Sydney
ShutterstockThe Australian Tax Office (ATO) paid out more than half a billion dollars to cyber criminals between July 2021 and February 2023, according to an ABC report.
Most of the payments were for small amounts (less than A$5,000) and were not flagged by the ATO’s own monitoring systems.
The fraudsters exploited a weakness in the...
